BOUTSEN.NET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOUTSEN.NET
Largest movements
- Tangible fixed assets -€73,144
down €73,144 (-14.7%), from €499,212 to €426,067
of which Land and buildings: -€46,490
- Cash +€72,644
up €72,644 (+162%), from €44,771 to €117,415
mainly Depreciation (+€80,510) and Net result for the year (+€72,418)
- Receivables within one year +€63,027
up €63,027 (+18.9%), from €333,138 to €396,165
of which Trade receivables: +€60,020
- Current investments -€25,000
down €25,000 (-9.1%), from €275,000 to €250,000
- Reserves +€72,418
up €72,418 (+9.1%), from €798,569 to €870,987
of which Distributable reserves: +€72,418
- Provisions -€58,627
no longer reported in 2025 (was €58,627)
- Trade debts +€29,262
up €29,262 (+21.9%), from €133,889 to €163,150
- Tax, wage and social debts -€13,529
down €13,529 (-14.5%), from €93,233 to €79,704
of which Taxes: -€10,201
- Provisions -€117,255
down €117,255, from €58,627 to -€58,627
- Taxes +€26,770
up €26,770 (+961%), from €2,785 to €29,555
- Staff costs +€12,820
up €12,820 (+11.4%), from €112,929 to €125,749
- Financial income -€4,758
down €4,758 (-19.6%), from €24,253 to €19,495
- Gross operating margin +€2,879
up €2,879 (+1.1%), from €251,212 to €254,091
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,307 | €1,220,497 | +€21,190 | +1.8% |
| Fixed assets | 21/28 | €499,212 | €426,067 | -€73,144 | -14.7% |
| Tangible fixed assets | 22/27 | €499,212 | €426,067 | -€73,144 | -14.7% |
| Land and buildings | 22 | €405,596 | €359,106 | -€46,490 | -11.5% |
| Plant, machinery and equipment | 23 | €2,201 | €1,546 | -€655 | -29.8% |
| Furniture and vehicles | 24 | €91,415 | €65,415 | -€25,999 | -28.4% |
| Current assets | 29/58 | €700,095 | €794,429 | +€94,335 | +13.5% |
| Stocks and contracts in progress | 3 | €37,732 | €28,426 | -€9,306 | -24.7% |
| Stocks | 30/36 | €37,732 | €28,426 | -€9,306 | -24.7% |
| Amounts receivable within one year | 40/41 | €333,138 | €396,165 | +€63,027 | +18.9% |
| Trade receivables | 40 | €289,078 | €349,098 | +€60,020 | +20.8% |
| Other amounts receivable | 41 | €44,059 | €47,066 | +€3,007 | +6.8% |
| Current investments | 50/53 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €44,771 | €117,415 | +€72,644 | +162% |
| Deferred charges and accrued income | 490/1 | €9,454 | €2,424 | -€7,031 | -74.4% |
| Total equity and liabilities | 10/49 | €1,199,307 | €1,220,497 | +€21,190 | +1.8% |
| Equity | 10/15 | €805,236 | €877,654 | +€72,418 | +9.0% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €798,569 | €870,987 | +€72,418 | +9.1% |
| Non-distributable reserves | 130/1 | €15,254 | €15,254 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,254 | €15,254 | = | 0.0% |
| Distributable reserves | 133 | €783,315 | €855,734 | +€72,418 | +9.2% |
| Provisions and deferred taxes | 16 | €58,627 | - | -€58,627 | |
| Provisions for liabilities and charges | 160/5 | €58,627 | - | -€58,627 | |
| Environmental obligations | 163 | €58,627 | - | -€58,627 | |
| Amounts payable | 17/49 | €335,443 | €342,842 | +€7,399 | +2.2% |
| Amounts payable within one year | 42/48 | €335,443 | €342,842 | +€7,399 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | - | -€8,333 | |
| Trade debts | 44 | €133,889 | €163,150 | +€29,262 | +21.9% |
| Suppliers | 440/4 | €133,889 | €163,150 | +€29,262 | +21.9% |
| Taxes, remuneration and social security | 45 | €93,233 | €79,704 | -€13,529 | -14.5% |
| Taxes | 450/3 | €19,425 | €9,224 | -€10,201 | -52.5% |
| Remuneration and social security | 454/9 | €73,808 | €70,480 | -€3,328 | -4.5% |
| Other amounts payable | 47/48 | €99,988 | €99,988 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €112,929 | €125,749 | +€12,820 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,144 | €80,510 | +€366 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €58,627 | -€58,627 | -€117,255 | |
| Other operating charges | 640/8 | €17,908 | €20,304 | +€2,395 | +13.4% |
| Gross operating margin | 9900 | €251,212 | €254,091 | +€2,879 | +1.1% |
| Operating profit (loss) | 9901 | -€18,397 | €86,156 | +€104,553 | |
| Financial income | 75/76B | €24,253 | €19,495 | -€4,758 | -19.6% |
| Recurring financial income | 75 | €24,253 | €19,495 | -€4,758 | -19.6% |
| Financial charges | 65/66B | €4,563 | €3,678 | -€885 | -19.4% |
| Recurring financial charges | 65 | €4,563 | €3,678 | -€885 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €1,293 | €101,973 | +€100,680 | +7,788% |
| Income taxes | 67/77 | €2,785 | €29,555 | +€26,770 | +961% |
| Profit (loss) for the period | 9904 | -€1,492 | €72,418 | +€73,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,492 | €72,418 | +€73,910 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.